1.00% Discount for Term Shared Ownership

 

Interest Rates

3.99%

Representing a 1.00% discount off our Residential Standard Variable Rate 

4.1% APRC

(The overall cost for comparison)

Main Features

Available for: Purchase and Remortgage 

Min/Max Adv: £25,000/£1,000,000

Max Loan To Value: 90% of share 

Arrangement Fee: None 

Valuation Fee: Payable on application. See Valuation Fee leaflet

Application Fee: £125

Early Repayment Charge (ERC): 3% in the first three years 

Overpayments: 10% of the advance amount can be repaid per annum for three years without incurring a charge. A 3% charge is due on any amount repaid that exceeds 10% per annum

Restrictions: This mortgage must be repaid on a capital & interest basis

Other Features: Minimum share 10% 

Representative Example

A mortgage of £245,626 payable over 20 years on our discounted rate at 1.00% below the Society’s Residential Standard Variable Rate of 4.99% (variable) for the mortgage term of 20 years would require 240 monthly payments of £1,487.15 plus one initial interest payment amount of £805.52.
 
The total amount payable would be £358,386.52 made up of the loan amount plus interest (£112,095.52) and Valuation fee (£390), CHAPS fee (£25), Application Fee (£125) and Discharge fee (£125).
 
The overall cost for comparison is 4.1% APRC representative.

Additional Notes
  • This mortgage summary should be read in conjunction with the Terms and Conditions.
  • All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion
  • Fees and rates may vary according to the individual case. Fees and rates will be confirmed upon application.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE